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Blue Label Telecoms finalises recapitsalisation of SA’s mobile operator, Cell C
Information coming through to BusinessTech Africa is that Blue Label Telecoms says it has concluded the recapitalisation of Cell C. The recapitalisation process comes through a binding long-form agreement with the mobile operator, Cell C, and various financial stakeholders. Local media reports also indicate that in mid-2019, Cell C embarked on a turnaround strategy, which focused on
SA’s defence equipment maker to deliver the first aircraft to foreign armies
Tshwane-based aerospace and defence equipment company, Paramount Aerospace Industries is set to deliver its first Mwari multi-role aircraft. Paramount Aerospace Industries announced this development this week as they will deliver the Mwari to overseas airforce by the end of this week. The deadline for the delivery is set for September 23 and Paramount says other airframes are
Botswana plans to slaughter 10 000 cows to curb foot and mouth disease
Botswana is a top beef producer and the country has announced plans to slaughter 10 000 cattle with an aim to curb an outbreak of foot and mouth disease. Agricultural authorities in Botswana announced that the first major outbreak in two years forced the country to suspend beef exports. As a top beef exporter to the European
Air Belgium returns to South Africa after 20 years, flights between Jozi and Cape Town
The South African airspace has a new airline and that is none other than Air Belgium which returned to fly routes between Johannesburg and Cape Town. Air Belgium has launched in South Africa, marking the airline’s first foray into Africa and according to the airline, flights on its modern A330neo will depart Brussels every Wednesday and
SA petroleum regulator: Total Energies could boost the economy by R8 billion
The South African petroleum regulator says Total Energies 11B/12B offshore gas field could make a direct annual contribution of at least 8 billion rands ($457 million) to the country’s coffers. It is reported by Independent Media Online, that the country’s regulator said this on Thursday and this is not just the overall GDP contribution but
ACSA registers R1billion losses but bosses say ‘they’re on the road to recovery’
State-owned Airports Company South Africa (ACSA) has tabled its financial report but things are not going well as they reported a loss of R1 billion for the 2021/22 financial year. The losses are an improvement on the R2.6-billion loss reported in the previous financial year according to its officials. ACSA CEO Mpumi Mpofu was speaking
United States swiftly bans poultry imports from Botswana due to avian influenza
The United States Animal and Plant Health Inspection agency has decided to ban poultry meat, live birds, and all poultry products from Botswana. The US announced a ban to immediately curb the spread of highly pathogenic avian influenza (HPAI) as it was reported on some poultry farms in that country. As part of the ban, the announcement
Energy and oil giant Shell CEO Ben van Beurden to step down at the end of 2022
Britain’s energy company, Shell, has announced that CEO Ben van Beurden is set to step down at the end of 2022 to allow a new leader. The energy giant also announced that head of integrated gas, renewables, and energy solutions director Wael Sawan will take over from van Beurden who vacates his office after nine years
Sappi Saiccor officially brags about R7.7 billion mill upgrade in KwaZulu-Natal
Paper and pulp company Sappi Saiccor officials were joined by President Cyril Ramaphosa when they opened the expansion and environmental upgrade project earlier this week. Ramaphosa was part of the R7.7-billion expansion and environmental upgrade project which was held in Umkomaas, KwaZulu-Natal. Sappi was represented by chairperson Sir Nigel Rudd, Sappi CEO Steve Binnie, and Sappi Southern
Mango Airlines find potential but a return to the skies remains uncertain
South African low-cost airliner, Mango, has found a potential investor for the grounded airline yet its future remains a mystery. The Department of Public Enterprises told Parliament’s portfolio committee on Wednesday that it was still waiting for a deal to be put on the table. However, South African Airways chairman John Lamola sent a warning about the
Standard Bank aims to roll out cashless simple taxi fare payment countrywide
Standard Bank South Africa has introduced a groundbreaking innovation as it looks to make life while using taxis easier. Part of the big four in the country, the bank says it plans to collaborate with more taxi associations and owners to grow the national footprint of its Taxi Yam cashless payment solution. The financial institution has already
Putco resumes operations following a three-week strike
Embattled bus company Putco has issued an apology to its passengers following a strike that dragged on for more than two weeks. The company, operating in Johannesburg and Tshwane, also sent a message to the passengers for their patience while it was locked in talks with striking workers, said Eyewitness News. As the strike finally came to
Naspers CEO Phuti Mahanyele-Dabengwa reflects on childhood in Soweto
Born in Soweto Phuthi Mahanyele-Dabengwa became the first female to be appointed to head of Naspers as CEO, and she speaks about her journey and achievements. Mahanyele-Dabengwa recently attracted all the attention in the business sector after making it to the 50 Soweto Icons project initiated by the businessman and founder of Sakhumuzi Restaurant Sakhumuzi Maqubela. The
Game stores set to shut doors in South Africa, more job losses expected
Massmart has announced a major development in its business, saying eight Game stores are set to close their doors in South Africa. The latest move will see about 700 workers losing their jobs and that is the information at BusinessTech Africa’s disposal. Three months ago, the group started with a section 189 retrenchment process with
Ethiopian Airlines leases three Boeing 767-300ERs due to growing cargo demands
Ethiopian Airlines have reached an agreement with Titan Aircraft Investments to lease three converted Boeing 767-300ERs. The state-owned airline carrier signed this agreement with an aim to pursue aggressive growth of its freighter fleet with long-term leases of three converted Boeing 767-300ERs from lessor Titan Aircraft Investments. Flight Global reports that the Addis Ababa-based carrier is expected
Bell Equipment expects global demand in 2022 and looks to increase footprint
Mining and construction equipment handling company, Bell Equipment, aims to grow its manufacturing footprint. The equipment and the materials handling equipment manufacturer plans to grow its manufacturing footprint in both its northern and southern hemisphere markets. Chairperson Gary Bell and chief executive Leon Goosen, for the interim period ended June 30, said the growth plans included an
Eskom blames lack of quality maintenance for continued power cuts
As the rolling power cuts continue to hit South African households and businesses, Eskom has apologised and said the quality and standard of maintenance are below par. Speaking on Monday, chief operating officer Jan Oberholzer said this while addressing the media together with acing head of generation Rhulani Mathebula. He said the power utility's maintenance programme
Khanya Mncwabe: A backyard brewer tells her story behind Matawi Mead
Businesswoman Khanya Mncwabe is the brain behind Matawi Mead, a beverage brand that is a hit in the market as it produces from fermented honey. The company came at the height of the Western Cape's 2018 water crisis and the brand or company seeks to conscientise consumers about alternative alcohols to traditional water-intensive ones. While the province's
Mobile telecoms giant MTN SA makes two major and strategic appointments
MTN South Africa has announced two major appointments as part of reviewing its executive structure, as the company gears up to deliver on its Ambition 2025 strategy. The mobile telecoms operator aims to transform from a telco to techno and released a statement announcing the new appointments. MTN SA said in line with this strategic shift, the
Patrice Motsepe’s African Rainbow Energy seals R4 billion solar deal
African Rainbow Energy and independent power producer SOLA have reached a financial close on 200MW solar PV projects, worth R4 billion, for Tronox Mineral Sands. The company, owned by Patrice Motsepe announced the closing of the transaction on Monday calling it the largest corporate renewable energy power purchase agreement in Africa. The deal comes less than six